The full effect of President Trump's 'America First' doctrine is not yet known, but for economist Jeffrey Sachs, the US dollar is likely to suffer. At a recent conference hosted by Columbia University, Mr Sachs argued that Trump's tariffs and his broader affinity for upending trade agreements and multilateral treaties would diminish the US's role on the world stage. Eventually, he said, we'll see an alternative payments system in which the dollar, euro and China's renminbi share the global reserve currency spotlight.
唐納•川普(Donald Trump)總統提出的「美國優先」(America first)理論的全部效果尚且不得而知，但對經濟學家傑弗裏•薩克斯(Jeffrey Sachs)來說，這可能損害美元地位。在哥倫比亞大學(Columbia University)最近主辦的一次會議上，薩克斯提出，川普的關稅以及他對撕毀貿易協定和多邊條約的總體偏好，將削弱美國在世界舞臺上的地位。他說，最終，我們將看到一個替代支付體系，其中美元、歐元和人民幣分享全球儲備貨幣的光環。